World Franchise Associates - Building Franchise Business Worldwide


CCC (Poland) Acquires Romania's Shoe Express for 33 Mln Euro

27 Apr 2018 - Polish footwear retailer CCC said on Thursday it has bought a 100% stake in Romanian company Shoe Express for 33 million euro ($40.2 million).

The Romanian competition authority has already issued its non objection decision in relation to the transaction, CCC said in a press release. Completion of the transaction and transfer of shares in the company has occurred on April 25.

The transaction was conducted through CCC’s subsidiary CCC Shoes & Bags.

Shoe Express was previously owned by Peeraj Brands International, comprising all retail outlets operating under the CCC brand in Romania.

Previously the outlets were operated by Peeraj Brands International under a franchise agreement with CCC.

Founded in 1999, CCC is the largest footwear retail company in Central Europe and the largest footwear manufacturer in Europe, according to its website.

Currently sales are conducted through stores in Poland, the Czech Republic, Hungary, Germany, Slovakia, Austria, Croatia, Slovenia, Russia, Bulgaria and Serbia, and franchise stores in Romania, Latvia, Lithuania, Estonia and Ukraine.




Subscribe to FranSpeak and receive free, monthly news and features about international franchising.


International Franchise News.International Franchise News.

© World Franchise Associates Ltd 2016. All rights reserved.
UK Company No. 6203737. 26 York Street, London, W1U 6PZ. +44 (0) 8446 698 980

Disclaimer: World Franchise Associates Ltd. is a privately owned limited liability company specializing in international franchise development and advisory services.
World Franchise Associates is not an NGO or franchise association and is not affiliated in any way with the World Franchise Council.
World Franchise Associates is a member of the International Franchise Association. Member of the IFA International Committee and
Member of the Advisory Council for the Global Restaurant Leadership Conference.